Commodity Inside steel insight articles provides a thematic analysis steel news covering key developments in the steel industry related to steel demand, stainless steel market, steel production, steel trade, steel prices, steel capacity, steel blockchain, steel M&A etc.
NLMK needs to resolve its slab supply-demand imbalances
Friday, 14 June 2019
Novolipetsk Steel (NLMK) is one of the major steel companies which have been most severely impacted by Mr Trump protectionists’ measures. Prior to the imposition of Section 232, NLMK was supplying around 2 million tonnes/year of slabs to its US subsidiary from Russia. Initially, the imposition of 25% duty was affordable for NLMK, owing to
- Published in Steel
Electrical steel market to benefit from growth in electric vehicle production
Wednesday, 05 June 2019
Electric Vehicles (EV) are set to play a pivotal role in tackling the energy and environmental issues in the transport sector. Automakers are being pushed to develop energy efficient and reliable alternatives in the form of electric vehicles and fuel cell vehicles. So far, electric vehicle sales are growing faster, though from a low base.
- Published in Steel
Vale and CCCC to build a flat steel mill, though slab supply undetermined
Thursday, 30 May 2019
Vale, the world largest iron ore producer, and China Communications Construction Co. (CCCC), a state-owned engineering and construction company to partner for building a 300,000 tonnes/year flat steel mill in the northern Brazilian state of Para. The memorandum of understanding (MoU) has now been signed between Concremat, Vale and the state government of Pará. Vale
- Published in Steel
Egypt Steel Industry
Tuesday, 07 May 2019
Egypt Steel Market (tariffs, production, prices and demand) Egypt Imposed Tariffs Egypt imposed tariffs on rebar and billet in mid-April which was under consideration for a few months. The import tariffs are now set between 3% and 15% for billets and 25% for rebar. Started from 15th April, tariffs would be effective for the next
- Published in Steel
Rail steel Industry in India to see robust growth
Monday, 29 April 2019
Steel Rail Overview India’s Jindal Steel and Power Ltd (JSPL) completed its first ever domestic order of 100k tonnes of rail steel for Indian railways this year. JSPL is the only private rail steel producer in India. Previously, SAIL was the sole supplier to Indian railways and produced around 0.98 million tonnes of rail steel
- Published in Steel
Tool Steel Industry: A Quick Roundup
Tuesday, 23 April 2019
Tool Steel Industry: General Market Overview, Types, Key Players, Prices and Applications Introduction Tool steel is a type of alloy and carbon steel which is produced by using a special composition of various raw materials and carbon content. Tool steel, as the name suggests, is used to make tools, which are used for various purpose
- Published in Steel
Iraq steel market will benefit from the reconstruction activities
Monday, 15 April 2019
Overview of the Iraq Steel Market The Rebuilding of Iraq The seven provinces which remained under ISIS (Islamic State of Iraq and Syria), went through the most destruction. Besides infrastructure, both residential and commercial buildings were damaged while millions of people fled the regions. The reconstruction activities have already started in the affected areas since
- Published in Steel
Canadian trade watchdog recommends ceasing steel tariffs
Monday, 08 April 2019
Canada imposed tariffs on seven steel products including rebar, OCTG, HRC, PPGI, stainless steel wire and wire rod last year. It aimed to stop the redirected flow of these materials from the US after the imposition of Section 232 tariffs. However, the Canadian trade watchdog Canadian International Trade Tribunal (CITT) has recommended that the government
- Published in Steel
Turkish steel industry is in the doldrums
Tuesday, 02 April 2019
The Turkish steel industry has been stormed by political and economic policies implications Turkey is the eighth largest steel producer and the 10th largest exporter in the world. Turkish crude steel production decreased by 12.5% year-on-year in February 2019, and reached 2.64 million tonnes, according to the Turkish Steel Producers Association (TCUD). The production was
- Published in Steel
Steel slab prices direction impacted by CSN, Gerdau, NLMK and Vale
Friday, 22 March 2019
Slab prices are not fully out of the woods Slab prices direction has been changing for a while now. Despite relatively low demand in the Asian markets and high stock in the US, slab prices once again took a different path in a direction away from where market fundamentals were supposed to be heading. So
- Published in Steel